Churchill China PLC
12 January 2007
For Immediate Release 12 January 2007
CHURCHILL CHINA PLC
TRADING UPDATE and BOARD CHANGES
Following a satisfactory sales performance in the key end of year trading period
the Board of Churchill China plc expects to achieve current market forecasts for
pre-tax profit for the year to 31 December 2006. Operating cash generation has
also been strongly positive in the second half of the year.
Stephen Roper (64), Non-Executive Chairman since 2000, is to retire from the
Board at the Annual General Meeting in May this year. Since joining the Group in
1960 he has worked in a variety of sales and management roles. Mr Roper will
continue in a consultative capacity assisting with the further development of
the Group's US hospitality business. The Board would like to take this
opportunity to thank Stephen for his leadership, energy and commitment
throughout his time with the Group.
Jonathan Sparey (49), who joined Churchill in 2000 as a Non-Executive Director
will succeed Mr Roper as Chairman. Mr Sparey is currently a senior partner in
L.E.K Consulting LLP, a leading international corporate strategy firm, and was
previously a Director of the merchant bank Samuel Montagu and Co. No further
disclosures are required to be made in relation to Jonathan under schedule 2 (g)
of the AIM rules.
The Group expects to announce its Preliminary Results for the year ended 31
December 2006 on 22 March 2007.
For further information please contact:
CHURCHILL CHINA PLC Tel: 01782 577566
Stephen Roper, David Taylor
BUCHANAN COMMUNICATIONS Tel: 0207 466 5000
Tim Anderson, Rebecca Skye Dietrich
This information is provided by RNS
The company news service from the London Stock Exchange